DVN News 70.99 05/09/2014 04:45:26 Devon Energy Corp (DVN)

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Devon Energy Corp (DVN) 70.99 $DVN

Uptrend Call Working As Devon Energy Stock Rises 13.1% (DVN)
Comtex SmarTrend(R) - Thu May 08, 5:09PM CDT
SmarTrend identified an Uptrend for Devon Energy (NYSE VN) on February 18th, 2014 at $62.75. In approximately 3 months, Devon Energy has returned 13.13% as of today's recent price of $70.99.

Energy Sector Stocks Technical Review -- Research on Devon Energy, WPX Energy, Murphy Oil, and Newfield Exploration
PR Newswire - Thu May 08, 1:00PM CDT
On Wednesday, May 07, 2014, the NASDAQ Composite ended at 4,067.67, down 0.32%, the Dow Jones Industrial Average finished the day 0.72% higher at 16,518.54, and the S&P 500 closed at 1,878.21, up 0.56%. The gains were broad based as eight out of ten sectors ended the session in positive. The S&P 500 Energy Sector Index ended the day at 695.51, up 0.77%, and the index has advanced 7.00% in the last one month. Investor-Edge has initiated coverage on the following equities: Devon Energy Corporation (NYSE: DVN), WPX Energy Inc. (NYSE: WPX), Murphy Oil Corporation (NYSE: MUR) and Newfield Exploration Company (NYSE: NFX). Free technical research on DVN, WPX, MUR and NFX can be downloaded upon signing up at:

Global Shale Gas Market 2013 - 2019: Horizontal Drilling, Hydraulic Fracturing & Water Usage Issue Analysis
M2 - Thu May 08, 4:58AM CDT
Research and Markets (http://www.researchandmarkets.com/research/bvc4sg/shale_gas_market) has announced the addition of the "Shale Gas Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019" report to their offering. Detailed profiles of leading players in the market such as ExxonMobil, Chesapeake Energy, Shell, Total SA, ConocoPhillips, and Dart Energy, among others. Shale gas is used for a range of applications which includes industrial, power generation, commercial, residential and transportation. It is basically a natural gas which is extracted from different shales. Some major shales are Marcellus, Eagle Ford, Niobrara, Barnett, Bakken among others. In industries, shale gas is used to produce ethane which is a feed stock for various industries. Shale gas itself is used as feedstock for fertilizer industry to produce ammonia. Shale gas is used in power industry replacing coal. Many countries are converting their coal fired power plants to gas fired power plants to reduce carbon emissions. Commercial and residential sectors use shale gas for space heating or cooling, water heaters, and cooking purposes among others. Shale gas is also used as fuel for vehicles. Shale gas is widely used in power generation and industrial applications. In 2012, Industrial usage accounted for approximately above 30% and is expected to reach approximately to 33% to 35% by 2019. Power generation also accounts for a major portion of the overall shale gas market share and by 2019 it is expected to decrease. Residential usage is expected to increase by 2019, as other renewable energy sources such as solar energy, biogas, etc. are increasingly preferred because they are eco-friendly. Application in the commercial sector is also expected to increase substantially, by 2019. Use of CNG in transportation is slowly rising due to soaring crude oil prices. EIA has estimated a total of 7,299.0 tcf of total technically recoverable shale gas reserves in the world. China has the largest reserves and ranks first followed by Argentina, Algeria and the U.S. North America is the only region producing shale gas. Rest of the world's shale gas reserves are intact and carry a great potential to meet future energy demand. U.S. and Canada were the only two countries known to have produced commercial shale gas in 2012 and which had a major contribution to the shale gas market. In China, shale gas production is expected to commence in 2015, as this region is still in the nascent stages of development. However, China is expected to become one of the rapidly growing markets in terms of shale gas production. Due to environmental issues and public opposition, the development of shale gas production continues to be slow in Europe. Furthermore, commercialization within the forecast period is not expected that could be a probable cause driving the overall shale gas market. The study provides comprehensive view of the market competition by using Porter's Five Force Model and the impact of suppliers, buyers, new entrants, substitutes and the degree of competition. Shale Gas Market: Technology Analysis - Horizontal Drilling - Hydraulic Fracturing - Water Usage Issue Shale Gas Market: Application Analysis - Industrial - Power Generation - Commercial - Residential - Transportation Key Topics Covered: Chapter 1 Preface Chapter 2 Executive Summary Chapter 3 Shale gas: Industry Analysis Chapter 4 Shale gas market - Technology Analysis Chapter 5 Shale Gas Market - Application analysis Chapter 6 Shale gas market - Regional analysis Chapter 7 Company Profiles - 5 Recent developments - Anadarko Petroleum Corporation - BHP Billiton Limited - BP plc. - Cabot Oil and Gas - Chesapeake Energy Corporation - ConocoPhillips - Devon Energy Corporation - EOG Resources Inc. - ExxonMobil - Royal Dutch Shell plc - Statoil ASA - Total SA For more information visit http://www.researchandmarkets.com/research/bv...gas_market

Chesapeake production rising
at Investor's Business Daily - Wed May 07, 6:00PM CDT
Chesapeake Energy (CHK), Devon Energy (DVN) and Spectra Energy Partners (SE) all topped Q1 expectations. Chesapeake's EPS soared 97% to 59 cents, 11 cents above views, as revenue surged 48% to $5.05 bil. Devon's EPS climbed 103% to $1.34 vs. views...

Devon Energy Set to Possibly Pullback After Yesterday's Rally of 4.09%
Comtex SmarTrend(R) - Wed May 07, 3:49PM CDT
Devon Energy (NYSE VN) traded in a range yesterday that spanned from a low of $69.20 to a high of $73.79. Yesterday, the shares gained 4.1%, which took the trading range above the 3-day high of $70.84 on volume of 8.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

After Yesterday's Rally of 4.09% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Wed May 07, 3:49PM CDT
Devon Energy (NYSE VN) traded in a range yesterday that spanned from a low of $69.20 to a high of $73.79. Yesterday, the shares gained 4.1%, which took the trading range above the 3-day high of $70.84 on volume of 8.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Devon Energy Beats on Earnings - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 07, 12:28PM CDT
Devon Energy's (DVN) earnings per share in the first quarter surpassed the Zacks Consensus Estimate by 6.3%.

Stocks Turn Mixed; AerCap Hits New High
at Investor's Business Daily - Wed May 07, 12:22PM CDT
Stocks were mixed Wednesday afternoon, apparently improving on news that Russian President Vladimir Putin pulled back troops from the Ukrainian border. The Dow Jones industrial average climbed 0.5%, while the S&P 500 rose 1% and the Nasdaq shaved a...

Chesapeake vs. Devon Energy: Which Is the Better Buy Today?
Arjun Sreekumar, The Motley Fool - Motley Fool - Wed May 07, 12:00PM CDT
With U.S. hydrocarbon production continuing to test multidecade highs, there are numerous ways for investors to profit. One way is by investing in the very companies that explore for and produce oil and natural gas -- generally the riskiest part of...

Chesapeake, Devon, Spectra's Oil And Gas Output Rises
at Investor's Business Daily - Wed May 07, 12:00PM CDT
Chesapeake Energy (CHK), Devon Energy (DVN) and Spectra Energy (SE) all reported better-than-expected first quarter revenue and earnings growth. The three are in the oil and natural gas group, ranked a near-best No. 3 on IBD's list of 197 industries....

Surging Oil Production Pushes Devon Energy Corp's Earnings up 103%
Matt DiLallo, The Motley Fool - Motley Fool - Wed May 07, 7:38AM CDT
Devon Energy announced its first-quarter results before the market opened this morning. The North America-focused energy company reported adjusted earnings of $547 million, or $1.34 per share. This represented a 103% surge from last year's first...

Devon Energy Reports First-Quarter 2014 Results
Business Wire - Wed May 07, 7:02AM CDT
--Increased operating cash flow by 41 percent year over year

EnLink Midstream Reports First Quarter 2014 Results
Business Wire - Tue May 06, 7:15PM CDT
The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE:ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the General Partner), today reported results for the first quarter of 2014. EnLink Midstream was formed through the transaction (the Transaction) that combined substantially all of Devon Energy Corporation's (Devon) U.S. midstream assets with the assets of the former Crosstex Energy, Inc. and Crosstex Energy, L.P. (collectively, Crosstex), which closed on March 7, 2014. For accounting purposes, EnLink Midstream Holdings, LP (Midstream Holdings) is the acquirer in the Transaction because its parent company, Devon, obtained control of EnLink Midstream in the Transaction. As a result of this accounting treatment, the financial results reported herein include contributions from the legacy Devon midstream assets for the entire first quarter and contributions from the legacy Crosstex assets beginning on March 7, 2014. The financial results reported herein may not be comparable to financial results of prior periods or future periods due to, among other things, the following reasons: (i) Devon only contributed certain of its U.S. midstream assets in the Transaction; (ii) the first quarter financial results include contributions from the legacy Crosstex assets for the final 25 days of the first quarter; and (iii) Midstream Holdings entered into new agreements with Devon effective March 1, 2014 that are fee-based rather than the previous percent-of-proceeds contracts.

Devon Energy Announces Acquisition of Cana-Woodford Shale Acreage
Business Wire - Tue May 06, 3:30PM CDT
Devon Energy Corporation (NYSE VN) announced today it has agreed to acquire 50,000 net acres and associated production primarily in the Cana-Woodford Shale for $249 million in cash. The acquired properties represent half of the interests Cimarex Energy (NYSE:XEC) is agreeing to acquire in a cash transaction announced today. Devon's portion of the agreed acquisition includes current production of approximately 5,800 barrels of oil equivalent per day (37 percent liquids) and proved reserves of approximately 23 million barrels of oil equivalent as of January 1, 2014.

Cimarex to Acquire Cana-Woodford Assets for $249 million
PR Newswire - Tue May 06, 3:30PM CDT
Cimarex Energy Co. (NYSE: XEC) today announced that it has signed a purchase and sale agreement to acquire oil and gas assets primarily in the Cana-Woodford shale play in Western Oklahoma for $497.4 million in cash. Simultaneously, Cimarex entered into an agreement with Devon Energy (NYSE: DVN) to sell at closing a 50 percent interest in these assets for $248.7 million. The acquisition is expected to close on or before June 30, 2014, and is subject to customary conditions and purchase price adjustments.

What Might ConocoPhillips' Earnings Report Mean for Devon Energy?
Joel South, The Motley Fool - Motley Fool - Tue May 06, 12:08PM CDT
The latest quarterly earnings report for ConocoPhillips   seems a bit ho-hum: profits are flat and it has declining assets. But look closer and you see that while earnings were down in just about every international segment, as well as Alaska, the...

3 Things to Watch When SandRidge Energy Inc Releases First-Quarter Results
Matt DiLallo, The Motley Fool - Motley Fool - Tue May 06, 11:06AM CDT
Photo credit: SandRidge Energy SandRidge Energy is expected to release its first-quarter results after the markets close this Wednesday. The Mid-Continent focused driller has really been firing on all cylinders of late as it has been drilling...

Devon Energy Announces Upcoming Investor Event
Business Wire - Tue May 06, 9:02AM CDT
Devon Energy Corporation (NYSE VN) today announced its management will present at the Citi Global Energy and Utilities Conference in Boston on Tuesday, May 13, 2014, at 8:00 a.m. Eastern Time. The event will be available to the public via internet webcast. A link to the webcast will be accessible from Devon's home page at www.devonenergy.com on the date of the event.

Forthcoming Annual Meeting of Shareholders, Quarterly Earnings Releases, and Upcoming Conference Calls - Analyst Notes on PotashCorp, Airgas, Murphy, Devon and Ashland
PR Newswire - Tue May 06, 8:00AM CDT
Today, Analysts Review released its analysts' notes regarding Potash Corp. of Saskatchewan Inc. (NYSE: POT), Airgas Inc. (NYSE: ARG), Murphy Oil Corporation (NYSE: MUR), Devon Energy Corp. (NYSE: DVN) and Ashland Inc. (NYSE: ASH). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2072-100free.

Will Devon Energy Keep the Earnings Streak Alive? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon May 05, 4:10PM CDT
Devon Energy, Inc. (DVN) is slated to report its first-quarter 2014 results on May 7.
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